Where Chinese millionaires want to move
That’s according to a survey by research firm Hurun Report and Visas Consulting Group that tracks immigration trends among Chinese individualsworth between 10 million and 200 million yuan ($1.5 million – $30 million).
The U.S. retained its title as the top destination for rich Chinese emigrants for a third consecutive year. Meanwhile, Canada surpassed the U.K. for the first time to become the second-most popular choice.
Respondents viewed education and property prices in Canada more favorably than in the past.
Los Angeles, Seattle, San Francisco and New York were the top global cities for immigration and property investment among wealthy Chinese. But the report also said that U.S. cities “have seen a fall in favor” since President Trump took office.
Wealthy Chinese cite a number of reasons for wanting to live abroad. The report found a growing number of respondents — more than half — listed “living environment” or “ideal living environment” as their main motivation for moving. Read more…